12750 Telegraph RdTaylor, MI 48180

Property Details for 12750 Telegraph Rd

Year built

1966

Lot size

2.84 AC

Property size (Sq ft)

4,576 SF

Zone code

B-3

Property type

Office properties

APN

60 056 99 0017 000

APU

60056990017000

Description

This exceptional 3,100 square foot retail property, located at 12750 Telegraph Road in Taylor, Michigan, presents a unique investment opportunity. Situated on a 2.88-acre lot (125,560 square feet), 75% of which is paved, this single-story building boasts 250 feet of frontage on the heavily trafficked Telegraph Road, experiencing over 100,000 cars daily. Built in 1966, the property features 100 parking spaces and is zoned B-3, making it ideal for a variety of retail uses. The asking price is $1,475,000, translating to $475.81 per square foot. A land contract may be considered. The property's location in the Airport District - DTW submarket, near the intersection of Northline Road, ensures high visibility and accessibility. This prime retail space offers significant potential for growth and profitability. The property's size and location make it an attractive investment for businesses seeking high visibility and ample space. This is a rare opportunity to acquire a well-located retail property in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $783,356

  6.5%

  $723,098

  7%

  $671,448

• Comparable approach

  Method

  Valuation

  Relative Method

  $428,039

  Geo Method

  $428,039

• Alternative Use

  Use

  Valuation

  Residential

  $896,641

  Hospitality

  $821,319

  Educational

  $683,328

  Medical

  $706,828

  Retail

  $1,062,954

Location Insight

City

Taylor

County

Wayne

State

Michigan

Latitude

42.214

Longitude

-83.2701

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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